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Wednesday, June 15, 2011

Lockheed Martin Is Laying Off 1,200 Employees

The aerospace and defense contractor is trying to cut its workforce by 8 percent. Lockheed Martin says these cuts come as the budget pressures force the Obama administration to pare back defense spending. That means an end to certain contracts.
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6 comments:

  1. AlexJune 15, 2011 at 2:03 PM

    Sucks that people lose jobs but defense budget needed to be cut a long time ago.

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  2. AnonymousJune 15, 2011 at 2:40 PM

    Probably doesn't help that Lockheed builds defective aircraft...anyone want to go up in an F-22 right now?

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  3. AnonymousJune 15, 2011 at 2:50 PM

    How about we cut aid to all other foreign countries as well as quit giving handouts to people who don't want to work before we cut the defense budget...

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  4. AnonymousJune 15, 2011 at 3:19 PM

    2:50 I agree. Maybe we need to take care of our own country before we spend money to try and change others!

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  5. AnonymousJune 15, 2011 at 3:54 PM

    2:50, that "aid to all other foreign countries" often includes loans to purchase american-made weapons, aircraft, and other heavy equipment. Therefore cutting them off would likely equal even more layoffs such as the one in this article.

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  6. AnonymousJune 15, 2011 at 7:06 PM

    And Obama takes another vacation to celebrate the collapse of the USA

    ReplyDelete

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